Title
Human Resources Department, Risk Management Division, recommending the Board authorize the Human Resources Director or designee, be authorized to sign all necessary documents to secure continued insurance coverage provided by California State Association of Counties (CSAC) Excess Insurance Authority (EIA) and coordinate payment through the Auditor-Controller when insurance premiums are due. (Cont'd 3/3/09, Item 16)
Body
BUDGET SUMMARY: |
|
|
Total Estimated Cost |
|
$1,130,471 |
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|
|
Funding |
|
|
Budgeted |
$1,130,471 |
|
New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$1,130,471 |
|
Change To Net County Cost |
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$0 |
Fiscal Impact/Change to Net County Cost:
There is no fiscal impact to this item.
Background and Reasons for Recommendation:
This is the sixth year of an annual process, requesting the Board authorize the Human Resources Department, Risk Management Division, to sign and approve all documents required to secure continued insurance coverage provided currently through CSAC-EIA and to coordinate payment through the Auditor-Controller when insurance premiums are due.
Board approval is required prior to processing annual insurance premium renewals for payment. This process works for all insurance programs/policies except for insurance programs offered by CSAC-EIA. Initial participation in a CSAC-EIA program requires Board approval along with a Memorandum of Understanding between the County and the CSAC-EIA. A listing of programs that the County is participating in currently is attached. Estimated costs for participation in all listed programs is $1.13M for 2009.
CSAC-EIA is a Joint Powers Authority comprised of California counties, cities, and public agencies, organized to jointly develop and fund insurance programs. Insurance premiums are normally lower than what the County could find on its own. This is because of the purchasing power of a multi-county organization as well as the ability to pool resources to pay claims thereby reducing the need for excess insurance.
The County has been a member of CSAC-EIA since the early 1990's and currently participates in its general liability, workers' compensation, property, medical malpractice and miscellaneous programs. Within these five major program areas the County participates in a number of coverages and programs as presented on the attachment.
Action to be taken following Board approval:
Human Resources Department, Risk Management Division, will continue to work with CSAC-EIA regarding current insurance programs and with the Auditor-Controller to process premium payments as they come due. New CSAC-EIA programs will be brought to the Board for approval.
Contact: Larry Costello, x6625
Concurrences: HR, Risk Management, CAO